431 E 79th StreetChicago, IL 60619

Description

Rare 11-Unit Investment Opportunity in Chicago's Chatham Neighborhood. Located on the busy 79th Street commercial corridor. Features 11 units, featuring separate living and dining rooms plus additional bonus rooms that can serve as office or flex space. The properties generate approximately $110,375 in current annual gross income, providing stable in-place cash flow with additional upside potential through future rent adjustments. Tenants pay their own electricity and cooking gas, while the owner provides boiler heat, helping maintain predictable operating expenses. The buildings total approximately 13,205 square feet of improvements and benefit from a high-visibility location along one of the South Side's primary commercial corridors, surrounded by neighborhood retail, transportation, and consistent residential demand. This property presents an attractive opportunity for investors seeking stable income, commercial frontage, and long-term value in a growing South Side submarket.

Property Information

Property type

Commercial Sale

Sub-type

Multi Family

Year built

1926

Stories

3

Building area

13,205 Sq Ft

Lot size

0.16 acres

Lot dimensions

50 x 143

Days on market

176

MLS^® Listing#

12602864

Property Features

Cooling

Central Air · Window Unit(s)

Construction

Brick

Financial Details

Annual taxes

$21,086Tax year 2024

Parcel number

20342010010000

Directions

79th Street East to Vernon Ave.